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Forbearance was flat in the latest month tracked by the Mortgage Bankers Association, but hints of near-term weakness in certain parts of the market are growing more consistent. The share of loans with forborne payments in November matched…
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New U.S. home construction continued to decline in November and permits plunged as high borrowing costs paired with widespread inflation eroded housing affordability and demand. Residential starts decreased 0.5% last month to a 1.43 million…
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Today’s mortgage and refinance rates Average mortgage rates climbed appreciably yesterday. Add in last Friday’s smaller rise and it pretty much wipes out last Thursday’s worthwhile fall. By approaching 10 a.m. (ET), it was looking as if…
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